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Europe AI-Driven Traffic Management Market Size, Share & Trends Analysis Report By Deployment Mode, By Technology, By Component (Software, Hardware, and Services), By Application, By End User, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 166 Pages
  • October 2024
  • Region: Europe
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6020475
Description Jump to:
The Europe AI-Driven Traffic Management Market is expected to witness market growth of 29.3% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe AI-Driven Traffic Management Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $9.66 billion by 2031. The UK market is exhibiting a CAGR of 28.1% during 2024-2031. Additionally, the France market would experience a CAGR of 30.4% during 2024-2031.



AI applications can provide drivers with real-time route suggestions considering current traffic conditions, construction work, and accidents, ensuring the fastest and most efficient paths are utilized. AI can seamlessly integrate various transportation modes - public transit, biking, and walking - into a single route optimization system, encouraging users to choose the most efficient combination of travel methods.

AI can facilitate communication and coordination among neighboring cities to effectively manage regional traffic flows, addressing congestion beyond individual city boundaries. AI-driven platforms enable collaboration between stakeholders, including transportation agencies, local businesses, and the public, to collectively address traffic challenges.

The landscape of urbanization and regional development in Europe presents opportunities, particularly for the AI-driven traffic management market. According to Eurostat data from 2021, a substantial portion of the EU population resides in urban regions, accounting for 40.5%, while 38.7% live in intermediate regions, leaving only 20.8% in predominantly rural areas. This distribution indicates a pressing need for effective traffic management solutions, especially in urban areas where congestion, pollution, and transportation inefficiencies are most pronounced. Innovative traffic management systems are necessary to guarantee the efficient movement of products and people as cities expand and populations increase. In conclusion, increasing urbanization in Europe is driving the market's growth.

List of Key Companies Profiled

  • Siemens AG (Siemens Mobility)
  • Iteris, Inc.
  • Econolite Group, Inc.
  • Thales Group S.A.
  • Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
  • Ericsson AB
  • SWARCO AG
  • IBM Corporation
  • Indra Sistemas, S.A.
  • ST Engineering Limited (Temasek Holdings Limited)

Market Report Segmentation

By Deployment Mode
  • Cloud
  • On-Premises
By Technology
  • Machine Learning (ML)
  • Computer Vision
  • Internet of Things (IoT)
  • Natural Language Processing (NLP)
  • Other Technology
By Component
  • Software
  • Hardware
  • Services
By Application
  • Traffic Signal Control Systems
  • Incident Detection & Management
  • Route Optimization
  • Public Transport Management
  • Predictive Analytics
By End User
  • Government Authorities
  • Highway Operators
  • Logistics & Transportation Providers
By Country
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe AI-Driven Traffic Management Market, by Deployment Mode
1.4.2 Europe AI-Driven Traffic Management Market, by Technology
1.4.3 Europe AI-Driven Traffic Management Market, by Component
1.4.4 Europe AI-Driven Traffic Management Market, by Application
1.4.5 Europe AI-Driven Traffic Management Market, by End User
1.4.6 Europe AI-Driven Traffic Management Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Dec - 2024, Aug) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. Europe AI-Driven Traffic Management Market by Deployment Mode
5.1 Europe Cloud Market by Country
5.2 Europe On-Premises Market by Country
Chapter 6. Europe AI-Driven Traffic Management Market by Technology
6.1 Europe Machine Learning (ML) Market by Country
6.2 Europe Computer Vision Market by Country
6.3 Europe Internet of Things (IoT) Market by Country
6.4 Europe Natural Language Processing (NLP) Market by Country
6.5 Europe Other Technology Market by Country
Chapter 7. Europe AI-Driven Traffic Management Market by Component
7.1 Europe Software Market by Country
7.2 Europe Hardware Market by Country
7.3 Europe Services Market by Country
Chapter 8. Europe AI-Driven Traffic Management Market by Application
8.1 Europe Traffic Signal Control Systems Market by Country
8.2 Europe Incident Detection & Management Market by Country
8.3 Europe Route Optimization Market by Country
8.4 Europe Public Transport Management Market by Country
8.5 Europe Predictive Analytics Market by Country
Chapter 9. Europe AI-Driven Traffic Management Market by End User
9.1 Europe Government Authorities Market by Country
9.2 Europe Highway Operators Market by Country
9.3 Europe Logistics & Transportation Providers Market by Country
Chapter 10. Europe AI-Driven Traffic Management Market by Country
10.1 Germany AI-Driven Traffic Management Market
10.1.1 Germany AI-Driven Traffic Management Market by Deployment Mode
10.1.2 Germany AI-Driven Traffic Management Market by Technology
10.1.3 Germany AI-Driven Traffic Management Market by Component
10.1.4 Germany AI-Driven Traffic Management Market by Application
10.1.5 Germany AI-Driven Traffic Management Market by End User
10.2 UK AI-Driven Traffic Management Market
10.2.1 UK AI-Driven Traffic Management Market by Deployment Mode
10.2.2 UK AI-Driven Traffic Management Market by Technology
10.2.3 UK AI-Driven Traffic Management Market by Component
10.2.4 UK AI-Driven Traffic Management Market by Application
10.2.5 UK AI-Driven Traffic Management Market by End User
10.3 France AI-Driven Traffic Management Market
10.3.1 France AI-Driven Traffic Management Market by Deployment Mode
10.3.2 France AI-Driven Traffic Management Market by Technology
10.3.3 France AI-Driven Traffic Management Market by Component
10.3.4 France AI-Driven Traffic Management Market by Application
10.3.5 France AI-Driven Traffic Management Market by End User
10.4 Russia AI-Driven Traffic Management Market
10.4.1 Russia AI-Driven Traffic Management Market by Deployment Mode
10.4.2 Russia AI-Driven Traffic Management Market by Technology
10.4.3 Russia AI-Driven Traffic Management Market by Component
10.4.4 Russia AI-Driven Traffic Management Market by Application
10.4.5 Russia AI-Driven Traffic Management Market by End User
10.5 Spain AI-Driven Traffic Management Market
10.5.1 Spain AI-Driven Traffic Management Market by Deployment Mode
10.5.2 Spain AI-Driven Traffic Management Market by Technology
10.5.3 Spain AI-Driven Traffic Management Market by Component
10.5.4 Spain AI-Driven Traffic Management Market by Application
10.5.5 Spain AI-Driven Traffic Management Market by End User
10.6 Italy AI-Driven Traffic Management Market
10.6.1 Italy AI-Driven Traffic Management Market by Deployment Mode
10.6.2 Italy AI-Driven Traffic Management Market by Technology
10.6.3 Italy AI-Driven Traffic Management Market by Component
10.6.4 Italy AI-Driven Traffic Management Market by Application
10.6.5 Italy AI-Driven Traffic Management Market by End User
10.7 Rest of Europe AI-Driven Traffic Management Market
10.7.1 Rest of Europe AI-Driven Traffic Management Market by Deployment Mode
10.7.2 Rest of Europe AI-Driven Traffic Management Market by Technology
10.7.3 Rest of Europe AI-Driven Traffic Management Market by Component
10.7.4 Rest of Europe AI-Driven Traffic Management Market by Application
10.7.5 Rest of Europe AI-Driven Traffic Management Market by End User
Chapter 11. Company Profiles
11.1 Siemens AG (Siemens Mobility)
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Segmental and Regional Analysis
11.1.4 Research & Development Expense
11.1.5 Recent strategies and developments:
11.1.5.1 Partnerships, Collaborations, and Agreements:
11.1.5.2 Product Launches and Product Expansions:
11.1.5.3 Acquisition and Mergers:
11.1.6 SWOT Analysis
11.2 Iteris, Inc.
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Research & Development Expenses
11.2.4 Recent strategies and developments:
11.2.4.1 Partnerships, Collaborations, and Agreements:
11.2.4.2 Product Launches and Product Expansions:
11.3 Econolite Group, Inc.
11.3.1 Company Overview
11.3.2 Recent strategies and developments:
11.3.2.1 Partnerships, Collaborations, and Agreements:
11.3.2.2 Acquisition and Mergers:
11.4 Thales Group S.A.
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Segmental and Regional Analysis
11.4.4 Research & Development Expenses
11.4.5 Recent strategies and developments:
11.4.5.1 Partnerships, Collaborations, and Agreements:
11.4.6 SWOT Analysis
11.5 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Segmental and Regional Analysis
11.5.4 Research & Development Expenses
11.5.5 Recent strategies and developments:
11.5.5.1 Partnerships, Collaborations, and Agreements:
11.5.5.2 Product Launches and Product Expansions:
11.5.6 SWOT Analysis
11.6 SWARCO AG
11.6.1 Company Overview
11.6.2 Recent strategies and developments:
11.6.2.1 Partnerships, Collaborations, and Agreements:
11.6.2.2 Product Launches and Product Expansions:
11.6.3 SWOT Analysis
11.7 Ericsson AB
11.7.1 Company Overview
11.7.2 Financial Analysis
11.7.3 Segmental and Regional Analysis
11.7.4 Research & Development Expense
11.7.5 Recent strategies and developments:
11.7.5.1 Product Launches and Product Expansions:
11.7.6 SWOT Analysis
11.8 IBM Corporation
11.8.1 Company Overview
11.8.2 Financial Analysis
11.8.3 Regional & Segmental Analysis
11.8.4 Research & Development Expenses
11.8.5 Recent strategies and developments:
11.8.5.1 Acquisition and Mergers:
11.8.6 SWOT Analysis
11.9 Indra Sistemas, S.A.
11.9.1 Company Overview
11.9.2 Financial Analysis
11.9.3 Segmental and Regional Analysis
11.9.4 Research & Development Expenses
11.9.5 Recent strategies and developments:
11.9.5.1 Product Launches and Product Expansions:
11.10. ST Engineering Limited
11.10.1 Company Overview
11.10.2 Financial Analysis
11.10.3 Segmental and Regional Analysis

Companies Mentioned

Some of the key companies profiled in this Europe AI-Driven Traffic Management Market include:
  • Siemens AG (Siemens Mobility)
  • Iteris, Inc.
  • Econolite Group, Inc.
  • Thales Group S.A.
  • Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
  • Ericsson AB
  • SWARCO AG
  • IBM Corporation
  • Indra Sistemas, S.A.
  • ST Engineering Limited (Temasek Holdings Limited )

Methodology

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